Maricopa Community Colleges  REA284AA   19936-20086 
Official Course Description: MCCCD Approval: 07/22/08
REA284AA 19936-20086 LEC 1 Credit(s) 1 Period(s)
Valuation and Property Types
Introduction to the appraisal profession, licensing, classification of properties, and application of the three approaches to valuation of single family residential property.
Prerequisites: None.
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MCCCD Official Course Competencies:
 
REA284AA   19936-20086 Valuation and Property Types
1. Define basic appraisal terms. (I, II, III, IV)
2. List requirements for appraisal licensing in Arizona. (I)
3. Discuss basic principles of value in real estate. (I, II, III, IV, V, VI, VII, VIII)
4. Demonstrate knowledge of different methods of appraising. (IV, XIII)
5. Perform basic mathematical calculations essential to the appraisal of real estate. (VII, XIII)
6. Describe basic construction features of improved property. (X)
7. Explain the importance of functional interior design, circulation areas, and construction details. (X, XI)
8. Demonstrate a working knowledge of the basic principles and techniques used for site inspection, analysis, and valuation. (IX, X, XI, XII, XIII)
9. Describe and use the contents of a data bank. (VII, XIII)
10. Outline the steps in and demonstrate knowledge of the preparation of a residential appraisal report. (IV, X, XII)
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MCCCD Official Course Outline:
 
REA284AA   19936-20086 Valuation and Property Types
    I. Licensing and Regulation
      II. Real Property and Appraisal
        III. Foundations of Appraisal
          IV. The Valuation Process
            V. Real Estate Markets
              VI. Money Markets and Capital Markets
                VII. Collection and Analysis of General Data
                  VIII. Neighborhood Analysis
                    IX. Land or Site Description and Analysis
                      X. Building Description
                        XI. Analysis of Building Style and Function
                          XII. Highest and Best Use
                            XIII. Collection and Analysis of Specific Data
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